GBFH Financial Holdings announced that the Nevada Gaming Control Board has approved BoltBetz as a software solution for Konami’s SYNKROS cashless wagering system, allowing players to create and fund accounts through the BoltBetz mobile app. The approval enables BoltBetz to launch its fully integrated cashless gaming platform at nine Distill and Remedy locations in Las Vegas.
The Board also approved Distill and Remedy’s use of BoltBetz under the GCB Lab program, with GBank holding all player funds and eliminating the need for a digital fund reserve. This regulatory milestone validates GBank’s strategy to expand its Gaming FinTech division and positions the company to capture a larger share of the regulated gaming payments market.
Management highlighted the significance of the approval. Ed Nigro, Chairman and CEO, said the approvals represent the culmination of work by partners BankCard Services, BoltBetz and GBank to create a slot‑machine funding solution for licensed gaming operators in Nevada and across the United States. Todd Nigro, co‑founder and CEO of BoltBetz, expressed excitement about launching the platform at the nine Distill and Remedy locations.
The approval is part of a broader trend in Nevada toward cashless gaming. In January 2022, the Nevada Gaming Commission approved remote registration for cashless gaming accounts, and the state has continued to update regulations to accommodate digital payment solutions. BoltBetz has previously partnered with Terrible’s/JETT Gaming and secured Mike Tyson as a strategic investor, positioning it as a key player in the cashless space.
For GBank, the approval strengthens its position as a digital banking and payments provider for the gaming industry. By holding player funds, GBank eliminates the need for a separate digital fund reserve, reducing operational complexity and cost. The partnership with BoltBetz and integration with Konami’s SYNKROS system is expected to accelerate transaction volumes and revenue for GBank’s Gaming FinTech division, supporting the company’s broader strategy to grow this high‑margin segment.
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